RMAFAC Partners MDAs On Gas Sector Dev

The Revenue

Mobilisation Allocation and Fiscal Commission (RMAFC) says it would collaborate with Ministries, Department and Agencies (MDAs) to fast-track the development of gas sector.
This is contained in the latest quarterly publication of the commission tagged “Fiscal Monitor’’, a copy of which was obtained by The Tide in Abuja recently.
The publication noted that there was need to provide enough gas to support power since the country’s power sector had been privatised.
According to the publication, failure to develop the sector will lead to failed service delivery as the new power generating companies will find it difficult to generate power.
“Now that we have privatised power, we really need to provide enough gas to support the power.
“If we do not develop the gas sector, those new power generating companies will find it difficult to generate power.
“So, we as part of government, is collaborating with relevant MDAs to fast track development of the gas sector,’’ the publication stated.
The document, however, noted that the attainment of functional power, effective security and transportation systems, were necessary condition for economic diversification.
It stressed that no sector would thrive in an unsecured environment, adding that when there is enabling infrastructure investors will utilise such opportunity and invest in the country.
The publication further said that lip service was not enough to provide services, but matching words with action.
“If you do not have basic infrastructure nobody is coming to invest.
“Power is critical, security and transportation is necessary condition for diversification; next is incentive from government,’’ it said.